Sosovalue macro analyst pointed out that the CryptocurrencySpotETF needs to go through a double review process by the SEC. Taking Grayscale Solana Trust as an example, its 19b-4 document was accepted by the SEC on February 12, and the earliest approval date is March 14. If approved, Bitwise Solana ETF may be approved synchronously, triggering market reactions. It is expected that the latest approval date for SOLSpotETF will be October 10, 2025, but the regulatory environment may expedite the approval process.